Ligand Pharmaceuticals: The Trend Continues Down (LGND)
Friday, March 19, 2010 - 11:03
Written on Fri, 03/19/2010 - 11:03am
By Chip Brian

SmarTrend identified a Downtrend for Ligand Pharmaceuticals (NASDAQ:LGND) on December 17, 2009 at $1.85. In approximately 3 months, Ligand Pharmaceuticals has returned 3.8% as of today's recent price of $1.78.
Ligand Pharmaceuticals is currently below its 50-day moving average of $1.80 and below its 200-day moving average of $2.28. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Ligand Pharmaceuticals.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): LGND

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